60% of houses sold in 2014 were bought for cash! RTE.ie

It would appear that a large number of houses sold by Limerick Auctioneers and Estate Agents and other auctioneers throughout the country in 2014 were bought by cash buyers. At the height of the property boom this figure was 25%.

There has been a fall in mortgage drawdowns since the financial crisis.

For more on this subject see http://www.rte.ie/news/business/2016/0725/804670-60-of-irish-homes-bought-for-cash-in-2014/